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Last chance to correct old TDS returns before 31st March 2026.
A significant compliance change is on the horizon. Under the upcoming Income-tax Act, 2025, the time limit for correcting TDS returns will be reduced to 2 years from the end of the relevant financial year, effective 1 April 2026. To facilitate this transition, taxpayers have a final opportunity until 31 March 2026 to correct errors…
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OCI card holder and participation in Indian business — a regulatory perspective…
Applicability of FEMA and FDI provisions depends on specific facts and structure; the above is for general awareness and not a legal opinion.
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A forgotten foreign bank account can lead to a penalty of ₹10 lakh per year.
A forgotten foreign bank account can lead to a penalty of ₹10 lakh per year. If you have worked abroad and opened foreign bank account to receive your salary, it is essential to either close or disclose it upon returning to India. Even if the account is dormant, funded from tax-paid income, and has earned…
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Why Budget 2026 Replaced TAN with PAN for TDS on NRI Property Sales
Earlier, resident buyers purchasing property from NRIs had to obtain a TAN only for one transaction, file TDS returns, and manage complex compliance. This resulted in: Procedural difficulty Delays in property transactions Penalties for technical defaults
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Key takeaways for taxpayers and investors – Union budget 2026-27
Key takeaways for taxpayers and investors – Union budget 2026-27 | – There is no change in income tax slabs or rates for individuals for FY 2026-27, maintaining the current tax burden. | Capital Gains & Investments – Buybacks will now be taxed under capital gains at slab rates, increasing effective tax liability for promoters…
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GST Cut on Notebooks – But Why Aren’t Prices Dropping?
The GST Council recently made school notebooks to be charged 0% GST (from 22nd Sept 2025) – a welcome move for students and parents.But when I asked a shopkeeper about lower prices, he smiled and said: “Madam, paper itself has become costlier… how can notebooks be cheaper?” Here’s the reality: Paper is taxed at 18%…
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FAQs on TAX DEDUCTED AT SOURCE (TDS) under GST
FAQs on TAX DEDUCTED AT SOURCE (TDS) under GST
Ponda, Goa, India
9:30AM – 6PM
enquiry@camanisha.com
